PRICING SUPPLEMENT NUMBER 10 Filed Under Rule
(To Prospectus dated January 11, 1995) 424(b)(2) and 424(c)
CUSIP 71345L CV-8 File No. 33-57181
$115,000,000
PEPSICO, INC.
7.48% Callable Debt Securities Due April 27, 2002
Interest Payable Semiannually
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Underwriter: UBS Securities Inc.
Initial Offering Price: 100.00%
Underwriter's Discount: 0.55%
Currency: U. S. Dollars
Date of Issue: April 27, 1995
Issuance form: Book entry
Scheduled Maturity Date: April 27, 2002
Coupon: 7.48% per annum
Day count basis: 30/360
Interest Accrual Date: April 27, 1995, or the most recent date for
which interest has been paid or provided for, as the case may be.
Interest will accrue from each Interest Accrual Date to but excluding
the next succeeding Interest Payment Date.
Interest Payment Dates: Semiannually on the 27th of October and April,
commencing October 27, 1995 and ending on the Scheduled Maturity Date or
an earlier Optional Redemption Date. If any Interest Payment Date falls
on a date that is not a Business Day, such Interest Payment Date will be
the next succeeding Business Day with no additional interest accruing.
Principal Payment Dates: Scheduled Maturity Date, or an earlier Optional
Redemption Date
Business Days: New York
Calculation Agent: PepsiCo, Inc.
Optional Redemption Dates: The 7.48% Callable Debt Securities Due
April 27, 2002 may be redeemed, in whole but not in part, at the option
of PepsiCo, at 100% of the principal amount thereof, plus accrued interest
to the date of such redemption, on April 27, 1998, or on any subsequent
Interest Payment Date prior to the Scheduled Maturity Date, upon 30 days'
written notice by PepsiCo to the holders of such Notes.
Option to elect prepayment: None
Sinking fund: Not applicable
Settlement Date: April 27, 1995
The 7.48% Callable Debt Securities Due April 27, 2002 will be purchased
by the Underwriter at 99.45% of their principal amount, and will be
initially offered to the public at 100.00% of their principal amount
(the "Initial Offering Price"). The Underwriter has advised PepsiCo
that it intends to offer all or part of the 7.48% Callable Debt
Securities Due April 27, 2002 directly to the public initially at the
Initial Offering Price of such Debt Securities. After the 7.48%
Callable Debt Securities Due April 27, 2002 are released for sale to
the public, the offering price and other selling terms may be varied by
the Underwriter from time to time.
For U.S. federal income tax purposes, the 7.48% Callable Debt
Securities Due April 27, 2002 will be treated as Fixed Rate Debt
Securities, issued without OID. This treatment is consistent with the
applicable provisions of the Internal Revenue Code of 1986, as amended,
and the final OID regulations, which are generally effective for debt
instruments issued on or after April 4, 1994.
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UBS Securities Inc.
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April 20, 1995